The Indian coir industry, renowned for its eco-friendly and versatile products, has witnessed significant growth in recent years. A pivotal factor contributing to this expansion is the active participation in global trade fairs and exhibitions organized by the Coir Board. These events have been instrumental in unlocking international markets for Indian coir products, facilitating increased exports, and enhancing the industry’s global footprint.

The Role of the Coir Board in Promoting Exports

The Coir Board, established under the Coir Industry Act of 1953, plays a crucial role in promoting the coir sector. One of its key initiatives includes organizing participation in international trade fairs and exhibitions. These platforms provide Indian manufacturers with opportunities to showcase their products, network with global buyers, and understand international market trends.

For instance, during the fiscal year 2022-23, the Coir Board proposed participation in various international trade fairs under the Revised International Cooperation Scheme (RICS). Such initiatives aim to enhance the visibility of Indian coir products on the global stage and drive export growth.

Impact of Trade Fairs and Exhibitions on Coir Exports

Participation in global trade events has yielded tangible benefits for the Indian coir industry. According to data from the Indian Trade Portal, the exports of coir and coir products stood at US$ 526.31 million in 2021-22, with an export quantity of 1.23 million metric tonnes, marking a 6.15% year-over-year increase.

This upward trend can be attributed to the exposure and opportunities provided by international trade fairs. By showcasing products like coir pith, coir fiber, tufted mats, and geotextiles, Indian manufacturers have been able to tap into new markets and expand their customer base.

Key Export Destinations and Products

India exports coir products to over 100 countries, with the USA, China, Netherlands, South Korea, and the UK being some of the top importers. In 2021-22, the USA accounted for 16.9% of the total export quantity and 29.79% of the total export value, making it the largest importer of Indian coir products.

Coir pith emerged as the largest exported product, with exports valued at US$ 274.97 million in 2021-22. Other significant products include tufted mats and coir fiber, which have also seen substantial demand in international markets.

Benefits of Global Trade Events for Indian Coir Manufacturers

1. Market Expansion: Trade fairs provide a platform for manufacturers to introduce their products to a global audience, leading to potential business deals and market diversification.

2. Networking Opportunities: These events facilitate interactions with international buyers, distributors, and industry experts, fostering relationships that can lead to long-term partnerships.

3. Competitive Analysis: Manufacturers can assess global competition, understand market preferences, and gather insights to innovate and improve their product offerings.

4. Brand Building: Consistent participation helps in establishing and strengthening brand presence in international markets, enhancing credibility and trust among global consumers.

Altus Exports: Facilitating Global Reach for Indian Manufacturers

While participation in trade fairs is essential, navigating the complexities of international markets requires expertise and strategic partnerships. Altus Exports specializes in assisting Indian manufacturers in exporting their products seamlessly.

How Altus Exports Can Assist:

• Expertise in Finding Buyers: Altus Exports excels in identifying potential buyers across various international markets, leveraging a deep understanding of market trends and buyer behavior.

• Access to Comprehensive Databases: With subscriptions to numerous databases and information sources, Altus Exports provides up-to-date market intelligence, identifying new opportunities and understanding market dynamics.

• Skilled Marketing Team: The marketing team at Altus Exports utilizes a blend of traditional and digital marketing techniques to promote products internationally, generating leads and converting them into orders.

• Extensive Network: Over the years, Altus Exports has built a vast network of contacts and partners across various industries and regions, facilitating smoother market entry and quicker establishment of products in new territories.

Partnering with Altus Exports

Manufacturers interested in expanding their global footprint can partner with Altus Exports by ensuring their products meet export quality standards, possessing the necessary documentation and certifications, and aspiring for global expansion. Altus Exports acts as an extension of the manufacturer’s business, simplifying the export process and helping tap into new markets with ease.

For more information on partnering with Altus Exports, visit their Manufacturer Partnership page.

Conclusion

The Coir Board’s initiatives in organizing trade fairs and exhibitions have been instrumental in unlocking global markets for Indian coir products. Coupled with strategic partnerships with export facilitators like Altus Exports, Indian manufacturers are well-positioned to capitalize on international opportunities, driving growth and sustainability in the coir industry.